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Great Eastern Holdings (G07.SG) +2.2% at $16.06 after company late yesterday reported 3Q net profit of US$168.6 million ($219.5 million), up 5X from year ago, +127% on quarter.
Credit Suisse, which has stock at Outperform rating, $18.30 target price, says 9-month core net profit of $422 million represents 84% of FY estimates; notes core net profit growth driven by better underwriting profit, lower management expenses.
Credit Suisse, which has stock at Outperform rating, $18.30 target price, says 9-month core net profit of $422 million represents 84% of FY estimates; notes core net profit growth driven by better underwriting profit, lower management expenses.
Citigroup, which has stock at Sell rating, $15.50 target, says 3Q result beat house expectations; non-par profits in 3Q benefited from strong equity and bond markets. Order book quotes suggest sellers for the very thinly traded stock, waiting at $16.40.
